Earnings Press Release for the financial results ended on March 2026
DEVIT · price
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Dev Information Technology reported FY26 consolidated total income of ₹193.50 crore, up 5.21% from ₹183.91 crore in FY25. Net profit surged to ₹75.60 crore from ₹14.78 crore, a 411.48% increase, boosted by an exceptional unrealised gain of ₹93.55 crore on reclassification of EV Accelerator stake post IPO. However, EBITDA declined significantly to ₹7.23 crore from ₹23.72 crore (down 69.52%), with EBITDA margin compressing sharply to 3.74% from 12.90%. The company saw strategic developments including XDuce acquiring ~24% stake, partnership with A21 Technologies for AI product Talligence, and transfer of product businesses (ByteSIGNER and Talligence) to associate company Byte Technosys Private Limited for ₹11.90 crore.
The exceptional gain inflated net profit significantly, expanding net profit margin to 39.07%, but the steep EBITDA margin compression signals operational challenges. The strategic stake acquisition by XDuce and new AI partnerships may support future growth, though the inflated profit figure masks underlying business performance.